CHICAGO, Nov. 21, 2019 /PRNewswire/ -- Car shoppers
can save thousands this November with dealers adding Black Friday
deals to their monthly sale discounts. Consumers are ready to take
advantage: a new study from Cars.comTM (NYSE: CARS)
reveals that more than 62% of consumers actively shopping for a
vehicle on its site plan to shop Black Friday deals in
November.¹
"With Thanksgiving hitting later in the month this year, car
shoppers are well positioned to get a great deal on a new car,"
said Kelsey Mays, senior consumer
affairs editor at Cars.com. "There are several November specials
and end-of-year deals already in play, and we anticipate additional
Black Friday deals to hit the week of Thanksgiving. But to make the
most of their trip to the dealership, shoppers should do their
homework ahead of time and understand their options."
To make the most out of Black Friday car shopping, Mays
encourages consumers to consider the following five tips:
- New, Used, CPO: Consider all the options. It's the end
of the month and dealers are clearing 2019 inventory, giving
shoppers deep discounts on new vehicles. But consumers should also
consider used and CPO cars, which deliver excellent value and often
come with deals of their own.
- Narrow down the options. Shoppers should do their
research to pare down their choices to one or two models before
arriving at the dealership. If they're undecided on make and model,
try finding a car based on lifestyle needs.
- Look beyond the monthly payment. A common mistake
shoppers make is looking only at the monthly car payment instead of
the entire cost of the vehicle, which involves more than the
sticker price. Using a price tool can help a shopper know the total
cost and monthly payment based on a loans length and terms.
- Don't forget warranties, finance
options and insurance plans are all part of owning a
vehicle. Before stepping on the lot, shoppers should research
different warranty options, and contact banks and insurance
providers to discuss available loans and any changes a new car
could have on their current insurance policy.
- Find the right dealership and salesperson. Take
advantage of the millions of dealership and salespeople reviews on
sites like Cars.com to learn from other shoppers' experiences.
To maximize these deals, Mays suggests looking at some of the
best Black Friday deals:
- Chevrolet is offering nearly 20% off list price for many
2019 models and trim levels, including the Bolt EV, Cruze, Impala,
Malibu, Silverado 1500 double cab and more. Or qualified shoppers
can get 0% financing for 72 months plus up to $3,250 off, depending on the model and trim
level.
- Hyundai is offering $2,750
in cash discounts for select 2019 Sonata trims, or qualified
shoppers can choose 0% financing for 60 months. The 2019 Tucson
also boasts up to $2,750 off select
trims. Shoppers who skip the cash discount can get $500 plus 0% financing for 72 months.
- Kia's 2019 Sorento
comes with discounts up to $6,000 for
specially tagged models depending on trim level. Or qualified
shoppers can bypass the cash discounts and opt for 0% financing for
66 months-plus.
- Jeep is offering up to $5,300 off on select trims of the 2019 Compass
depending on a shoppers location. Or qualified shoppers can choose
0% financing for 36 months and receive up to $3,500 off. The 2019 Renegade comes with up to
$6,200 in savings depending on the
trim level and region. Qualified shoppers can get 0% financing for
36 months plus up to $3,500 off
select trims, depending on the region.
- Nissan is dealing out discounts of up to $3,500, depending on the region, off for the 2019
Rogue Sport. Or qualified shoppers can also get 0% financing for 60
months and an additional $1000
off.
For more car shopping tips and tricks, helpful pricing
tools and detailed reviews, visit Cars.com.
1 Cars.com Survey, reported by 550 shopper
responses during the week of 11/4/2019
About Cars.com
Cars.com is a leading digital
marketplace and solutions provider for the automotive industry that
connects car shoppers with sellers. Launched in 1998 and
headquartered in Chicago, the Company empowers shoppers with
the data, resources and digital tools needed to make informed
buying decisions and seamlessly connect with automotive retailers.
In a rapidly changing market, Cars.com enables dealerships and
OEMs with innovative technical solutions and data-driven
intelligence to better reach and influence ready-to-buy shoppers,
increase inventory turn and gain market share. In 2018,
Cars.com acquired Dealer Inspire®, an innovative
technology company building solutions that future-proof dealerships
with more efficient operations, a faster and easier car buying
process, and connected digital experiences that sell and service
more vehicles.
Cars.com properties include DealerRater®, Dealer Inspire®,
Auto.com™, PickupTrucks.com® and NewCars.com®. For more
information, visit Cars.com.
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SOURCE Cars.com, Inc.